Is it the bottom for BLOOM?

It has been a while now that BLOOM is in a downward trend after the 9.80 level has been broken. At 8.4 level it seems that BLOOM has bottomed. Will it reverse trend at this level? There is still no sign of any reversal though so if you want to test buy, be sure to monitor the stock’s movement and exit when needed. Monitor the Kijun Sen as it move horizontally, it may attract the price to come near it.

RSI or Relative Strength Index is at oversold level although it has started to go up now and is pointing upwards.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

2 Responses to Is it the bottom for BLOOM?

  1. […] Is this going to be the start of BLOOM‘s rise? Last December 28, 2013 we ask this question Is it the bottom for BLOOM? and so far this stock is creating higher low last December […]

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